With Innovation Unleashed, The Global Lateral Flow Assays Market Is Expected To Witness A CAGR Of 5.4% From 2026

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Lateral Flow Assays Market
Report Id PMRREP18613 Category Life Science
Healthcare
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With Innovation Unleashed, The Global Lateral
Flow Assays Market Is Expected To Witness A CAGR
Of 5.4 From 2026

• Technological preferences and advancements in
  lateral flow assay kits over the years have
  resulted in reduced hospital visits, which is
  expected to contribute to the growth of the
  global lateral flow assay market. Technological
  improvements, coupled with increasing awareness,
  are projected to increase the acceptance of
  lateral flow assay kits globally.
• Lateral flow assay kits are used for the
  early-stage diagnosis of diseases. According to
  the latest research by the company, the global
  lateral flow assay market is projected to account
  for over US 9.7 Bn in terms of value by the end
  of 2026.
• The report further projects a 5.4 growth rate
  with an increasing average Y-o-Y throughout 2026.
  The lateral flow assay market is expanding and
  gaining popularity as these tests are simple and
  can be performed by the patients themselves.
  These kits provide faster results within few
  minutes. The lateral flow assay readers match the
  sensitivity of Elisa tests and eliminate the
  possibility of human errors.

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Segmental Insights on the Lateral Flow Assay
Market
The lateral flow assay kits segment accounted for
a revenue share of over 73 in the global lateral
flow assay market in 2017. The popularity of kits
is also increasing, which is expected to boost
the others segment of the lateral flow assay
market in the near future. The global lateral
flow assay market has been segmented into readers
such as ESEQuant LR3 which offer quantitative
results and lateral flow assay kits such as
dipsticks and cassettes which offer qualitative
and visual results. In terms of revenue, the
lateral flow assay kits segment of the lateral
flow assay market is expected to hold a
significant revenue share over the forecast
period.
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